Revisions have been made to incorporate the latest data relating to international merchandise trade and international trade in services. The international trade in goods and services on a balance of payments basis series have been revised from July 2009 onwards.

Table 17 summarises revisions to goods and services on a balance of payments basis, in original current price terms, since the last issue of this publication. In original terms, the revisions have:

decreased the deficit on goods and services for 2009-2010 by $462m

increased the surplus on goods and services for the 8 months to February 2011 by $512m.

Seasonally adjusted and trend series have been revised due to the incorporation of the revisions and estimates for the latest month.

IRON ORE AND COAL PRICES

An adjustment has been made to the value of the 'metal ores and minerals' component in the balance of payments series. See the section Commodity prices adjustment for details.

CHANGES IN FORTHCOMING ISSUES

To comply with current naming conventions, the April 2011 issue of this publication will change the description of 'Myanmar' to 'Burma (Republic of the Union of Myanmar)'. This change will be included in time series spreadsheet tables 14a, 14b, 36a to 36j and 37a to 37h. This change will be included in the country data for the complete merchandise trade time series (i.e. data from January 1988) and the ordering of countries will be affected for all country tables.

The collection and processing of data included in this publication were not disrupted by the Australian Floods or Japanese earthquake and tsunami. See the section Impact of natural disasters for details.

INQUIRIES

For further information contact Selvi Sekhar on Canberra (02) 6252 5540 for Goods, and Lee Taylor on Canberra (02) 6252 6377 for Services.

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